2021 UNIVERSAL REGISTRATION DOCUMENT

General and financial elements

1. Workforce-related performance

1.1 Employees, drivers of the Group’s performance

VINCI’s economic development policy is based on a complementary set of short- and long-term business activities performed through a decentralised organisation. The Group’s employees are vital to the success of its business model. Its operating methods therefore prioritise people over systems and are based on the view that sustained business success requires an ambitious approach to human resources.

1.1.1 Workforce

Operating in more than a hundred countries in 2021, VINCI’s workforce increased slightly to 219,299 employees in 2021, compared with its total headcount in 2020 (217,731 employees). This change is attributable to ongoing projects, acquisitions or contract terminations as well as the gradual resumption of projects and operations following the health crisis, keeping overall workforce levels stable. At 31 December 2021, VINCI staff employed by European entities as a percentage of the total workforce came to 75.6% and staff employed outside Europe stood at 24.4%, primarily due to staff increases in Asia and the Middle East.

Due to the acquisition of Cobra Industrial Services (Cobra IS), the energy business of the Spanish engineering and infrastructure group ACS, which was completed on 31 December 2021, VINCI’s workforce will increase significantly by more than 43,000 employees. Fifty-three percent of Cobra IS staff is located in Europe, 43% in North and South America, and 4% in Africa, Asia and Oceania. This data will be included in the next reporting period, i.e. 2022.

This diagram shows the number of employees of VINCI worldwide as at 31 December 2021.
  • 219,299 employees worldwide
  • 16.5% Women
  • 83.5% Men
  • 8% Concessions
  • 92% Energy and construction
  • In more than 120 countries
  • 45.9% France
  • 29.7% Europe excl. France
  • 11.8% Americas
  • 6.6% Africa
  • 6% Rest of the world
Workforce at 31 December 2021 by geographical area and by business line, with change (*)
  2021 2020 2021/2020
  VINCI Autoroutes VINCI Airports Other concessions VINCI Energies VINCI Construction VINCI Immobilier and holding cos.          Total  % Total Change
France 5,762 893 541 38,033 53,823 1,629 100,681 45.9% 100,760 -0.1%
United Kingdom - 1, 767 - 955 8,569 - 11,291 5.1% 11,084 +1.9%
Germany - - 25 12,250 4,197 9 16,481 7.5% 15,867 +3.9 %
Benelux - - - 5,950 714 5 6,669 3.0% 6,662 +0.1%
Central and Eastern Europe - 1,402 47 3,313 8,957 - 13,719 6.3% 14,063 -2.4%
Rest of Europe - 2,765 122 12,306 1,840 5 17,038 7.8% 16,671 +2.2%
Europe excl. France
- 5,934 194 34,774 24,277 19 65,198 29.7% 64,347 +1.3%
Americas
- 1,498 846 6,678 16,801 - 25,823 11.8% 25,382 +1.7%
Africa
- - - 2,165 12,291 - 14,456 6.6% 15,030 -3.8%
Rest of the world
- 1,055 103 3,905 8,078 - 13,141 6.0% 12,212 +7.6%
Total 5,762 9,380 1,684 85,555 115,270 1,648 219,299 100% 217,731 +0.7%

(*) Data checked by the Statutory Auditors, see page 268 of the 2021 Universal Registration Document.